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Enterprise risk: establishing the risk appetite for unifying the lines of defense

Enterprise Risk: Establishing The Risk Appetite For Unifying The Lines of Defense

This new white paper explores how the three lines of defense framework should consider risk appetite. The three lines of defense framework describes how management, risk, compliance and internal audit departments work together to manage and mitigate risks in an organization.

"Lines of defense" is an illustrative phrase that is generally understood and easy enough to apply to an organization, a soccer field or scientific research.